How to overcome barriers between start-ups and large companies to enhance innovation
Open innovation is a strategic lever for competitiveness, but in Italia less than 10% of large companies manage to quantify its economic return
Is Italia's entrepreneurship transforming open innovation into a measurable (also financial) lever able to meet companies' needs? And how? A theme that has been recurring for years and that the artificial intelligence 'boom' has probably obscured but not put aside. Doing 'open innovation' remains a complex task, proof of which is that, of almost all large companies engaged in such projects, less than one in ten is today able to truly measure the economic return. However, the possibility of combining the speed of start-ups with the solidity of corporations, with the aim of transforming technology into a competitive advantage, is an option that the country system cannot afford to neglect or underestimate.
There is no shortage of solutions and among these are innovative models that aim to solve the chronic lack of in-house expertise, a problem that afflicts almost one in two organisations. We tried to understand why open innovation still suffers from growth problems with Emanuele Manzotti, CEO and Founder of Innovation Match, a platform that aggregates over 2,500 specialised professionals and 600 innovative realities and collaborates with companies such as Credem, Zucchetti and Randstad.
Only a fraction of large Italian companies that do open innovation manage to measure their economic return. Where does the value chain break down? Is it an issue of governance or wrong KPIs?
The value chain almost always breaks down between the exploration and implementation phase. In recent years, many companies have developed innovation lab programmes, call for start-ups or technology scouting initiatives that have had the merit of opening up the organisation to new ecosystems. The most difficult step, however, is to actually get these solutions into the company's industrial processes. In large organisations designed to ensure stability and business continuity, the introduction of new technologies must necessarily pass through several levels of the company, from the technology departments to operations, to the compliance and procurement area: these functions are essential to protect the integrity of the enterprise but, in the absence of clear paths, can also slow down the adoption of innovation. In this context, an autonomous innovation function dedicated to experimentation can facilitate the launch of new initiatives. At the same time, it becomes crucial to clearly define what is to be innovated, with what resources and in what timeframe: when these three elements are explicit, collaboration with start-ups and technology partners is also quicker and more effective.
Is there still a risk that innovation remains an expense item and is not considered as a productivity asset?

